Stellantis pledges $2.8 billion investment in Canadian plants

  • 📰 therealautoblog
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Stellantis pledges $2.8 billion investment in Canadian plants:

The announcement came as welcome news for Brampton, as the plant's future was very much in doubt. The company had only promised to build the three models, sharing an aged platform, through 2023. Now the future is more clear. Stellantis will begin retooling the facility in 2024 once production of the muscle car trio winds down. When it comes back online in 2025, it will produce"at least one all-new electric model".

As for Windsor, retooling will begin in 2023. Stellantis didn't say when it would finish, but that it would be home to a"new multi-energy vehicle architecture that will provide battery-electric capability for multiple models." Both plants are expected to return to a three-shift schedule afterThe reaffirmation of investment in Canada follows last month's announcement that Stellantis and LG Energy Solution would establish a $4.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 528. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Most Americans that care, continue to talk about how we need to keep our manufacturering and assembly jobs here in the states, yet, companies continue to move it out of the country. It's more and more difficult to support 'American' companies these days.

Why? Canadians build cars worse than Americans and Chrysler is already behind in quality. What could go wrong…

They have free health care, why they need it?

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stellantis to boost EV plants with C$3.6 bln investmentStellantis N.V. will spend up to C$3.6 billion ($2.8 billion) to boost production of electric vehicles at its Windsor and Brampton, Ontario plantswith government investment, it said on Monday. Stellantis good because Rocket Man Bad.
Source: Reuters - 🏆 2. / 97 Read more »